Competing offers received to lease this building

Retail-Commercial for Sale
Catylist Listing ID: 30669530
Property Subtypes: Restaurant
Building Size (RSF): 4,107 SF
Gross Building Area: See Agent
Gross Land Area: 30,235 SF
Sale Price: $1,230,000 - 1,300,000
Unit Price: $299.49 - 316.53 PSF
Property Use Type: Business
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 4/19/2021

Overview / Comments

We currently have competing offers to lease this property from local restauranteurs and are searching for a landlord to purchase it. Purchase price $1,230,000 for real estate plus $50,000 for state-of-the-art kitchen, bar equipment and furniture under condition that current management and chefs remain; lease to be negotiated with new owner. Purchase by an owner-occupier without leaseback is possible for $1,300,000 plus $50,000 for FF&E, and current management will vacate.

You'll see gorgeous modern high end finishes, high ceilings, and personality throughout. Great acoustics and separated dining booths with room for both small and large groups. Seasonal outdoor seating area.

Copy link for agent's video tour of kitchen: https://youtu.be/CjgdFfSCVHU

Attachments & Media

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Taxing Authority: Lancaster County
Tax ID/APN: 16-19-344-001-000
Zoning: H4
Retail Clientele: General, Family, Business, Traveler, Tourist
Largest Nearby Street: South 27th St. & Jamie Lane
Traffic/Vehicle Count: 26,000
Airports: Lincoln Municipal
Site Description: Near 27th & Yankee Hill intersection by Wilderness Hills Shopping Center (Kohls, Marshalls, HomeGoods) and the south Walmart super center. SouthPointe Mall to the north. Lots of walkers in neighborhood.
Area Description: Robust growth south of Yankee Hill Road in a district with hotels, retail, and offices. South Bypass under construction.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2013
Construction/Siding: Brick
Total Parking Spaces: 42
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PINE LAKE HEIGHTS SOUTH 17TH ADDITION, Lot 1

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,686 47,027 122,997
Median Age: 32.1 36.68 37.63
Households: 3,090 18,226 49,575
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Midlands Regional CIE nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.